US Mint 2012 Proof Silver Eagle, Arthur $1 Coin Cover Releases in 2nd Week of April


In the second week of April, the U.S. Mint will launch two new numismatic products, the Arthur $1 Coin Cover and the 2012 Proof Silver Eagle, the latter being most popular.

US Mint 2012 Proof Silver Eagle and Chester Arthur $1 Coin Cover
U.S. Mint 2012 Proof Silver Eagle and Chester Arthur $1 Coin Cover

Starting off Monday is the Chester Arthur Presidential $1 Coin Cover. Two circulating quality $1 coins from the first day of production, one from Philadelphia and the other from Denver, are mounted on a durable display card with a 45-cent postage stamp. It will be $19.95, the same price as last year’s issues in the series.

Upon its release, the $1 cover honoring the 21st President may be purchased through the U.S. Mint website via his product page.

Tens of thousands of collectors are waiting for Thursday’s big release. The initial price of the 2012 Proof Silver Eagle will be $59.95 with no household limits. The proof strike will bear the "W" mint mark on its reverse beside the heraldic eagle with shield design. The American Silver Eagle’s obverse features the famous Adolph A. Weinman’s Walking Lady Liberty design.

The Proof Silver Eagle page on the U.S. Mint website can be found here.

Each of the new products will be available on their respective issue date beginning at 12:00 noon ET.

For reference, the following grid offers a listing of U.S. Mint scheduled product releases for the remaining weeks of April:

Remaining U.S. Mint April 2012 Numismatic Product Releases

Release Date U.S. Mint 2012 Numismatic Product Product Price
4/9 Chester Arthur $1 Coin Cover $19.95
4/12 Proof Silver Eagle $59.95
4/17 Chaco Culture Quarters Three-Coin Set $9.95
4/19 American Gold Eagle Proof Coins TBD
4/24 America the Beautiful Quarters Uncirculated Coin Set $12.95
4/24 Presidential $1 Coin Proof Set $18.95
4/26 Native American $1 Coin Rolls $32.95


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A&L Futures

The U.S. Mint is asking 2x SPOT for a coin which hasn’t changed since 1986, I’ll pass.


Adolph Weinman’s walking lady liberty is a beautifully designed coin…
In addition look up the following for the ASE:
– Burnished
– Mint State
– Reverse Proof
– Anniversary Sets


A&L: here’s the cure….
1. Buy some proof eagles from the Mint
2. Get them graded by NGC within 30 days of release for a blue Early Release label
3. Wait 2 years.
4. Sell your pf69 graded coins for a small profit after expenses.
5. Sell most of your Pf70 coins for 50% profit, maybe more. Keep some for yourself.
6. Smile that you were able to gain a substantial ROI in 2 short years.
7. Rinse and repeat.


Sounds like A&L missed out when they were selling the first coins and has been grousing about it ever since. Price of silver in 1986 was less than $6 and the 1986 silver eagle cost $21. Probably thought it was too expensive then too.

The gold eagle hasn’t changed, the gold buffalo hasn’t changed, and the silver eagle hasn’t changed. Why should they? They’re some of the best designs ever to come out of the US Mint – why change a good thing, especially when today’s designers can’t seem to come up with any thing comparable.